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Asking Price$4,438,570
RevenueUndisclosed EstablishedUndisclosed
Cash FlowUndisclosed EmployeesUndisclosed
FF&EUndisclosed FranchiseYes
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Location
South Eastern British Columbia

Description (All $'s are Canadian)

This 90 room Franchised Hotel is located in an important commercial district of British Columbia. Local population is approximately 20,000, accessible by major highway and airport.

Room Types:
Double queen - 35+
Queen Bed with Pull- out Sofa
King Bed Guest Room - 40+
Kitchenette Room
Kitchen Suite

Full overview is available to qualified buyers after NDA is signed.

* In order to move forward with this deal, a minimum equity of $2,400,000 is required.

Financial Information

Most recent 12 months room revenues $1.6M, with occupancy of 54%. This period represents a 29% occupancy increase over the previous period given the improvements in the reputation following the renovation. Expectation in 2018 is for continued growth.
Minimum Equity Required

$2,400,000

Real Estate

Excellent location and accessibility
Full Renovation complete in 2015
1.975 acres of land
Fully city services - water, sewer, storm sewer, gas, electricity, and telephone. The subject neighbourhood also has good exposure.

Price
$5,900,000 CAD
Ad #108473
Seller Reference #1133
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Contact This Seller
Tim Blais, BBA, CMEA
Gateway Business Brokers
1-902-441-9589
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